The Canadian dollar returned to gain today as its chief export, the crude oil, rallied as demand for energy increases, favoring currencies with a similar profile in foreign-exchange markets as the Australian dollar, which is a main commodity supplier for China.(…)Read [...] Continue Reading…
Canadian Dollar Near 2-Month High on Oil
January 10th, 2010Unexpectedly Negative Payrolls Force Greenback Down
January 10th, 2010An employment report waited during all the week and released today frustrated analysts bringing weaker-than-expected figures for the U.S. economy, pulling the dollar down versus most of the 16 main traded currencies.(…)Read the rest of Unexpectedly Negative [...] Continue Reading…
Norwegian Krone Falls From 16-Month High
January 10th, 2010The krone fell today from the highest rate since September 2008 as the nation’s government finally expressed concern regarding the currency’s strength, halting a rally versus the euro that started in the end of 2009.(…)Read the rest of Norwegian [...] Continue Reading…